Bankers Investment Trust reports NAVs, initiates share buyback

The Bankers Investment Trust PLC announced its unaudited net asset values as of November 13, 2025. The net asset value per share, calculated according to the AIC formula (including current financial year revenue and excluding treasury shares), was 143.2p. With debt marked at fair value, this rose to 146.4p. Excluding current financial year revenue items and treasury shares, the NAV per share was 142.9p, and 146.1p with debt marked at fair value. The company's shares are now ex-dividend, with the dividend having been deducted from the net asset value.

Pursuant to authority granted at its annual general meeting on February 25, 2025, The Bankers Investment Trust PLC repurchased 591,741 ordinary shares on November 14, 2025, at a price of 131.6057p per share, to be held in treasury. This buyback brings the company's total issued share capital to 1,315,102,830 ordinary shares of 2.5p each. Of these, 330,324,209 shares (25.1%) are held in treasury and carry no voting rights.

The total number of voting rights in The Bankers Investment Trust PLC stands at 984,778,621. The fair value of the company's GBP denominated unsecured loan notes is based on a discount rate using the yield of a UK Gilt plus a credit spread, while Euro denominated unsecured loan notes are valued using a Euro Swap yield plus a credit spread.